Discretionary Income in Knoxville, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Knoxville, TN is ranked 24th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Knoxville, TN
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,411
Discretionary Income
$3,734
With a gross annual salary of $100,000 in Knoxville, TN, you would need to deduct approximately $1,188 per month for taxes. Given that the average cost of living in Knoxville is $3,411, you would have around $3,734 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Knoxville, TN, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Knoxville, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Knoxville, TN |
|---|---|
| $30,000 | -$1,055 |
| $40,000 | -$321 |
| $50,000 | $412 |
| $60,000 | $1,134 |
| $70,000 | $1,784 |
| $80,000 | $2,434 |
| $90,000 | $3,084 |
| $100,000 | $3,734 |
| $110,000 | $4,382 |
| $120,000 | $5,016 |
| $130,000 | $5,649 |
| $140,000 | $6,282 |
| $150,000 | $6,916 |
| $175,000 | $8,499 |
| $200,000 | $10,055 |
| $250,000 | $12,876 |
| $300,000 | $15,585 |
| $350,000 | $18,293 |
| $400,000 | $21,001 |
| $450,000 | $23,710 |
| $500,000 | $26,418 |
Discretionary Income in Knoxville, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Knoxville, TN is ranked 19th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Knoxville, TN
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$2,258
Discretionary Income
$4,887
With a gross annual salary of $100,000 in Knoxville, TN, a single person would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Knoxville is $2,258, singles would have around $4,887 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Knoxville, TN, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Knoxville, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Knoxville, TN |
|---|---|
| $30,000 | $99 |
| $40,000 | $832 |
| $50,000 | $1,566 |
| $60,000 | $2,287 |
| $70,000 | $2,937 |
| $80,000 | $3,587 |
| $90,000 | $4,237 |
| $100,000 | $4,887 |
| $110,000 | $5,536 |
| $120,000 | $6,169 |
| $130,000 | $6,802 |
| $140,000 | $7,436 |
| $150,000 | $8,069 |
| $175,000 | $9,652 |
| $200,000 | $11,209 |
| $250,000 | $14,030 |
| $300,000 | $16,738 |
| $350,000 | $19,446 |
| $400,000 | $22,155 |
| $450,000 | $24,863 |
| $500,000 | $27,571 |
Discretionary Income in Knoxville, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Knoxville, TN is ranked 20th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Knoxville, TN
Gross Salary
$8,333
Taxes
$1,188
Cost of Living
$3,357
Discretionary Income
$3,788
With a gross annual salary of $100,000 in Knoxville, TN, a couple would need to deduct approximately $1,188 per month for taxes. Considering the average cost of living in Knoxville is $3,357, couples would have around $3,788 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Knoxville, TN, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Knoxville, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Knoxville, TN |
|---|---|
| $30,000 | -$1,000 |
| $40,000 | -$266 |
| $50,000 | $467 |
| $60,000 | $1,188 |
| $70,000 | $1,838 |
| $80,000 | $2,488 |
| $90,000 | $3,138 |
| $100,000 | $3,788 |
| $110,000 | $4,437 |
| $120,000 | $5,070 |
| $130,000 | $5,704 |
| $140,000 | $6,337 |
| $150,000 | $6,970 |
| $175,000 | $8,554 |
| $200,000 | $10,110 |
| $250,000 | $12,931 |
| $300,000 | $15,640 |
| $350,000 | $18,348 |
| $400,000 | $20,991 |
| $450,000 | $23,616 |
| $500,000 | $26,241 |
Discretionary Income in Knoxville, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Knoxville, TN is ranked 23rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Knoxville, TN
Gross Salary
$8,333
Taxes
$927
Cost of Living
$3,319
Discretionary Income
$4,087
With a gross annual salary of $100,000 in Knoxville, TN, a single parent would need to deduct approximately $927 per month for taxes. Considering the average cost of living in Knoxville is $3,319, single parents would have around $4,087 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Knoxville, TN, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Knoxville, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Knoxville, TN |
|---|---|
| $30,000 | -$896 |
| $40,000 | -$151 |
| $50,000 | $582 |
| $60,000 | $1,315 |
| $70,000 | $2,049 |
| $80,000 | $2,782 |
| $90,000 | $3,437 |
| $100,000 | $4,087 |
| $110,000 | $4,737 |
| $120,000 | $5,381 |
| $130,000 | $6,014 |
| $140,000 | $6,648 |
| $150,000 | $7,281 |
| $175,000 | $8,864 |
| $200,000 | $10,448 |
| $250,000 | $13,300 |
| $300,000 | $16,014 |
| $350,000 | $18,722 |
| $400,000 | $21,430 |
| $450,000 | $24,139 |
| $500,000 | $26,847 |
Discretionary Income in Knoxville, TN in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Knoxville, TN is ranked 27th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the most amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Knoxville, TN
Gross Salary
$8,333
Taxes
$686
Cost of Living
$4,712
Discretionary Income
$2,935
With a gross annual salary of $100,000 in Knoxville, TN, a family would need to deduct approximately $686 per month for taxes. Considering the average cost of living in Knoxville is $4,712, families would have around $2,935 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Knoxville, TN, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Knoxville, TN in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Knoxville, TN |
|---|---|
| $30,000 | -$2,231 |
| $40,000 | -$1,481 |
| $50,000 | -$732 |
| $60,000 | $1 |
| $70,000 | $735 |
| $80,000 | $1,468 |
| $90,000 | $2,201 |
| $100,000 | $2,935 |
| $110,000 | $3,668 |
| $120,000 | $4,378 |
| $130,000 | $5,028 |
| $140,000 | $5,678 |
| $150,000 | $6,328 |
| $175,000 | $7,953 |
| $200,000 | $9,578 |
| $250,000 | $12,775 |
| $300,000 | $15,942 |
| $350,000 | $19,108 |
| $400,000 | $22,221 |
| $450,000 | $25,054 |
| $500,000 | $27,863 |